Say bye-bye to 1080 today

sequoia

NDX is the only index that has not broken down short-term uptrend line because ER pop-ups.  It should catch up with other sectors and break down this week.  If it happens today, market will fall marginal below 1080, and 1080 may become the  new top.

6th-Sense

1# sequoia


well-said........when everyone is talking about 1080 is the top, then it is the supportive level.......

Spy will >=112 in days, then it is the short-term top